In 2013 the most favored commodities to invest in are copper, palladium, and met coal. Bloomberg writes with reference to the report by Goldman Sachs Group Inc. At the same time aluminum and nickel will be least demanded on the market.
Goldman Sachs foresees the copper price at $8,458 a ton this year and $7,250 per ton in 2014. China, the largest copper consumer, is forecasted to increase its demand by 8% in 2013. In 2012, it rose 3%. According to Goldman Sachs, palladium will rise in popularity compared to platinum due to boosted car production. The bank analysts forecast platinum average price at $1,575 an ounce and palladium price at $781.
January 16, on London Metal Exchange the copper spot price lowered to $7,945 from $8,030 a ton. In December the average copper price was $7.962.5 a ton. January 15, palladium traded at $712.6 an ounce on NYMEX.